Morningstar, Inc. (NASDAQ:MORN) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its holdings in Morningstar, Inc. (NASDAQ:MORN) by 4.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 16,095 shares of the business services provider’s stock after selling 816 shares during the period. Mutual of America Capital Management LLC’s holdings in Morningstar were worth $4,607,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Morningstar by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,552,858 shares of the business services provider’s stock valued at $597,981,000 after purchasing an additional 75,275 shares during the last quarter. Morgan Stanley raised its holdings in shares of Morningstar by 1.0% in the 3rd quarter. Morgan Stanley now owns 1,957,310 shares of the business services provider’s stock valued at $458,481,000 after buying an additional 19,119 shares during the period. Bamco Inc. NY raised its holdings in shares of Morningstar by 8.0% in the 3rd quarter. Bamco Inc. NY now owns 1,326,608 shares of the business services provider’s stock valued at $310,745,000 after buying an additional 98,191 shares during the period. BlackRock Inc. raised its holdings in shares of Morningstar by 3.9% in the 2nd quarter. BlackRock Inc. now owns 1,148,416 shares of the business services provider’s stock valued at $225,170,000 after buying an additional 43,350 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Morningstar by 60.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,007,748 shares of the business services provider’s stock valued at $236,055,000 after buying an additional 380,391 shares during the period. Institutional investors and hedge funds own 57.02% of the company’s stock.

Morningstar Price Performance

Shares of NASDAQ MORN opened at $299.98 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market cap of $12.82 billion, a price-to-earnings ratio of 91.46 and a beta of 1.15. The stock’s 50-day moving average is $297.82 and its two-hundred day moving average is $276.83. Morningstar, Inc. has a 1-year low of $163.28 and a 1-year high of $316.05.

Morningstar (NASDAQ:MORN) last posted its quarterly earnings results on Thursday, February 22nd. The business services provider reported $1.97 earnings per share (EPS) for the quarter. The company had revenue of $538.70 million for the quarter. Morningstar had a return on equity of 18.54% and a net margin of 6.92%.

Morningstar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be given a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Thursday, April 4th. Morningstar’s dividend payout ratio is currently 49.39%.

Insider Buying and Selling at Morningstar

In other Morningstar news, Director Steven N. Kaplan sold 1,250 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $306.81, for a total value of $383,512.50. Following the sale, the director now owns 44,427 shares of the company’s stock, valued at approximately $13,630,647.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Steven N. Kaplan sold 1,250 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $306.81, for a total transaction of $383,512.50. Following the sale, the director now owns 44,427 shares of the company’s stock, valued at approximately $13,630,647.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Joseph D. Mansueto sold 1,297 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $307.69, for a total value of $399,073.93. Following the sale, the chairman now directly owns 10,775,526 shares in the company, valued at approximately $3,315,521,594.94. The disclosure for this sale can be found here. Insiders have sold 95,544 shares of company stock valued at $27,733,515 in the last quarter. Corporate insiders own 37.70% of the company’s stock.

Analyst Upgrades and Downgrades

MORN has been the topic of several research analyst reports. StockNews.com upgraded Morningstar from a “hold” rating to a “buy” rating in a report on Thursday, February 29th. TheStreet upgraded Morningstar from a “c” rating to a “b” rating in a report on Friday, February 23rd.

Morningstar Company Profile

Morningstar, Inc provides independent investment insights in the United States, Asia. Australia, Continental Europe, the United Kingdom, and internationally. The company operates in five segments: Morningstar Data and Analytics; PitchBook; Morningstar Wealth; Morningstar Credit; and Morningstar Retirement.